Positive impact on very sicko individual patients. And of course, jim, we had the announcement today that the fed will begin buying individual Corporate Bonds, not just the etfs that hold those bonds but the actual bonds themselves. That certainly helped. Whats your take this morning . Well, look, i think each one of these can be debunked took this drug for two months. It was okay. I switched to prednisone suddenly we discovered this was a big breakthrough what were the doctors doing . Did all of the doctors get it wrong . Did they realize it was not swelling around the body and just focused on the lungs. Its like, okay, idiots honestly, i love the doctors, theyre great. But come on, how did they miss this and look, david, the gunners all want the stocks to go higher, right . And the fed is buying bonds that we would normally i mean, maybe the fed buys hertz bonds and takes them up to the point where maybe hertz is good. I dont know, david. Theres a lot of people saying talk pony. The
Well, you could have been anything that you wanted to. And i can tell. The way you do the things you do. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning, nice to see you. Im lauren simonetti. Cheryl lets take a look at how your money is moving this wednesday morning after yesterdays 100 plus point loss on the dow. We are up right now, 168. No news on the trade front. Investors seem to like that right now. S p up 21 and a quarter, nasdaq up 68 and a quarter. Lauren quiet could be good. Lets check on the yield on the 10 year treasury as we await jay powell speaking on friday. 1. 58 . Cheryl oil right now as you can see, it is up about nine cents. Well get an update on supply today. Right now, gold is down by 7. Lauren stocks in asia largely in the green this morning. The nikkei in japan down a quarter of 1 , but the kospi up a quarter of 1 . Cheryl no new news on the u. S. China trade war. In europe, investors saying goodbye to italian stocks. Youve got gr
To rescue americans being held by isis. Pentagon officials saying forces stormed a terrorist compound only to find the host aemgs werent there. Were going to have a live report from our nbc colleagues covering this in just a bit. Carl icahn is at it again. The activist investors revealing a nearly 89 stake in hertz, the rental car company. Icahn says he will pressure the company over pricing issues and operational failure and he may even seek a board seat. Shares of hertz plummeted over the last few days after the company withdrew its full year forecast. They are up slightly in after hours trading. As of yesterday, some hedge funds talked about potentially trying to replace current ceo mark viscora, as well. But this seems to be bit of a low hang fruit at this point. As of the last quarter. Late 2013 is when he originally took that stake. We know hertz and we like mark. But it is low hanging free fruit, i guess. The high on the tock is 31. 61, its alltime high. And its at 30. 33 and th
High. They dropped patience from their guidance. We anticipate it will be appropriate to raise the target range for the federal funds rate when the committee has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 objective over the mediumterm. Betty she is neither promising nor ruling out a rate increase in june. The president of the Swiss National bank is pledging to keep Interest Rates at record lows. Dropping his defense of the frank as to his countrys economic challenges. Officials will take currency controls steps if they need to. This morning, he thinks Market Forces will do the job. Im convinced markets will rally. The swiss franc is overvalued. That is not attractive at the moment. Betty the bank forecasts and inflation rate this year of 1. 1 . The weakest rate in 65 years. One of the gunman suspected of killing 22 people in tunisia was known to the countries tell intelligence services. Test countrys intelligence know
P. M. Eastern. I want to get everyone caught up on the other top stories we are following. Came up short. Everyone has an excuse, right . It is called the weather. Bad weather affected operating revenue. Warren buffett found a way to keep his Company Taxes taxes low. To stockhe plan shares . Another twist in the search for that missing plane. Filesia said that some were missing from a Flight Simulator found in the pilots home. Major changes in the Federal Reserve today. Their first meeting in eight years without ben bernanke at the helm. Michael mckee is here with me at the beginning of this janet yellen era. This threshold of 6. 5 has been such a key metric tom a but that may change . It may be the first thing she brings to it. This is not her first rodeo. She has been on the fed since 1990 four. This is actually not the first fed meeting she has chaired. February 20 there was an open meeting on dodd frank. The first topic of business is what do you do about the socalled evans rule .